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Friday I'm In Lidar Great Ones, on this, the arguably greatest day of the week, I come bearing gifts…
Oh man, is it more M&Ms? My Halloween stock pile juuust ran out.
Umm, no, unfortunately. But thanks for reminding me to go check on my own Reese’s Pieces reserve.
Anyway, Great Ones, today we have a healthy, schadenfreude-filled smorgasbord: tech market gossip, a crucial stock buying opportunity and, my favorite, another chance to sling some mud at Elon Musk, Mr. Chief Twit over there. You in?
It starts with one thing. I don’t know why…
It doesn’t even matter how hard you try?  | No … but with our latest talks about the Mobileye spinoff … everything we’ve said about lidar tech for self-driving cars … I still don’t know why Tesla (Nasdaq: TSLA) still isn’t getting with the lidar program.
Everybody else has. Like, everyone. The who’s who of the automaking world are investing billions into lidar tech (more on that in a sec).
So why not Tesla? Is ol’ Musky just being a contrarian for $@*% and giggles, all while drivers’ safety is at stake?
Whatever the Tesla CEO’s reasons for going his own way like Fleetwood Mac … the heat is turning up in the lidar kitchen.
Come again?
More folks in the self-driving biz are throwing shade at Elon Musk for not using reliable, tested lidar tech in favor of Tesla’s in-house attempts at an Autopilot. You know … the full self-driving mode that isn’t actually fully self-driving?
Heck, if you believe this chart, Tesla might not even be using radar anymore. I sure hope you trust mere visual cameras and a few sensors steering you through rain, fog, snow and whatever else have you.
While Elon’s trying to mimic the human eye, companies like Luminar Technologies (Nasdaq: LAZR) are using friggin’ lasers to steer cars.
Luminar CEO Austin Russell founded the company at 17 and listed Luminar on the Nasdaq eight years later, becoming an overnight billionaire without resorting to poop emoji Tweets. According to Russell: From an autonomous standpoint, if you want to be able to get to a point where you're truly autonomous, that's where LiDAR comes into play.
There's nothing wrong with the fundamentals of what [Tesla’s] trying to do. The only discrepancy is the advertising of what it actually is, and some of the manipulation [of] consumers, which is pretty questionable. Calling it “self-driving” at all, much less “full self-driving” is a fundamentally inaccurate statement. Musk, being Musk, has always called Luminar’s tech “doomed.” What else would he say?  | Backed into a corner with no way to self-drive out, Tesla’s looking at all these other automakers embracing lidar tech — the only thing to do is to talk trash. Oh … and put out more BS marketing for Tesla’s Autopilot.
Meanwhile, money keeps pouring into lidar tech. The underwriters for Mobileye’s (Nasdaq: MBLY) deal just exercised their options to buy another 6,150,000 shares of MBLY.
Even in this tech-adverse market, there’s higher than expected demand for self-driving stocks. Sure, some investors are still fearful about continued market declines … but bargain prices are bargain prices, after all.
You don’t need lidar-esque laser vision to see that.
But wait! There’s more: Almost every carmaker is betting on this one company to bring lidar tech into the limelight.
Audi alone is investing $16 billion … GM, $27 billion through 2025 … BMW, $35 billion.
And no … it’s not Mobileye.
Click here to see what all the lidar hype is about!
Share your side of the conversation in our inbox. And if you ever have a stock or investing idea you’d like to see Great Stuff cover, let us know at GreatStuffToday@BanyanHill.com.
And if you have that burning yearning that only more Great Stuff can satisfy, you should check out our deets here: Until next time, stay Great!
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